Quote from: pooya87 on Today at 04:53:59 AM

Quote from: BTCapsule on November 28, 2022, 04:33:04 PM

So none of this is about banning Bitcoin. It seems worse to me. Instead, I feel like the government wants to seize the means of Bitcoin production (mining) and start a digital war with other countries to have the biggest hash rate. This would mean individuals could no longer compete with mining.

Philosophically speaking you can define anything as anything (eg. Bitcoin and Speech) but that doesn't mean it is right!
But about this part I have to say it is impossible because the hashrate is already too huge and too spread around the globe for US to jump on board at this point and start owning a large enough percentage of it to have any kind of control. Keep in mind that US neither has the cheapest electricity nor access to ASIC production (the factory is in China).

The US does not have the cheapest electricity, but they have the money printer. Price is not a concern to the government, especially when it comes to war. The fiat system is built in such a way that it incentivizes spending as quickly as possible, which is the opposite of Bitcoin. Fiat was created to fund war, and as long as the money can be spent before it affects the market, those who print the money can buy whatever they want for the current market prices.

Quote

It is no coincidence that when recounting the most horrific tyrants of
history, one finds that every single one of them operated a system of
government-issued money which was constantly inflated to finance
government operation. There is a very good reason that Vladimir Lenin,
Joseph Stalin, Mao Ze Dong, Adolf Hitler, Maximilien Robespierre, Pol
Pot, Benito Mussolini, Kim Jong Il, and many other notorious criminals all
ruled in periods of unsound government-issued money which they could
print at will to finance their genocidal and totalitarian megalomania. It is the
same reason that the same societies which birthed these mass murderers did
not produce anyone close to their level of criminality when living under
sound monetary systems which required governments to tax before they
spent.

None of these monsters ever repealed sound money in order to fund
their mass murder. The destruction of sound money had come before, hailed
with wonderful feel-good stories involving children, education, worker
liberation, and national pride. But once sound money was destroyed, it
became very easy for these criminals to take over power and take command
of all of their society's resources by increasing the supply of unsound
money.

- The Bitcoin Standard, Saifedean Ammous